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Journal : journal of business management and economic development

The state's role of digital economy and economic innovation in Vietnam Trung, Phan Nhan
Journal of Business Management and Economic Development Том 2 № 03 (2024): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i03.1105

Abstract

This study investigates the role of the Vietnamese government in fostering the digital economy and economic innovation. Utilizing linear regression analysis through SPSS, the research analyzes data from various reliable sources to examine the intricate relationship between digital economy advancements and economic innovation trends, highlighting the mutual reinforcement between these factors. Key findings indicate that the government’s involvement in establishing digital infrastructure, developing human resources, and creating supportive legal frameworks has significantly impacted the development of the digital economy. The integration of new technologies such as AI, IoT, and blockchain is pivotal, not only for generating new products and services but also for enhancing existing business processes, thereby driving digital economic growth. Human resources are crucial, necessitating government policies that facilitate continuous skill updates and support workforce adaptation to technological changes. Furthermore, government policies promoting business innovation through financial support and tax incentives are essential for maintaining competitiveness and economic development. Digital transformation, supported by robust ICT infrastructure and legal frameworks, is becoming an inevitable trend with profound impacts across various sectors. Environmental considerations and social welfare in the context of Industry 4.0 are also critical, requiring policies that balance technological advancements with sustainable practices and labor market adaptations. The study concludes that the Vietnamese government plays a vital role in shaping a conducive environment for the digital economy and economic innovation, emphasizing the importance of collaborative efforts between public and private sectors. These findings underscore the need for continued investment in digital infrastructure, education, and supportive policies to maximize societal and economic benefits.
Factors Affecting Green Growth Policy in Vietnam Trung, Phan Nhan
Journal of Business Management and Economic Development Том 3 № 01 (2025): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v3i01.1209

Abstract

Green growth is becoming a global priority as countries increasingly recognize the importance of combining economic development with environmental protection. Green growth policies and strategies are designed to reduce greenhouse gas emissions, promote the use of renewable energy, and improve resource efficiency, contributing to the goal of sustainable development and combating climate change. Government green growth policies are influenced by many economic, social, environmental, and political factors that determine the effectiveness and sustainability of these measures. Essential factors include public awareness, international pressure, economic and financial policies, technology and innovation, local environmental issues, politics and leadership, and public-private partnerships (PPPs). Vietnam has implemented the "National Strategy on Green Growth" for 2021-2030 with clear goals and has achieved many significant results, such as reducing greenhouse gas emissions and increasing forest coverage. However, there are still many limitations in terms of capital, technology, and supporting policy mechanisms. By proposing a qualitative research model on influencing factors and quantitative methods, specifically multivariate linear regression analysis, the author has shown the model results of these influencing factors on green growth policy, contributing to proposing recommendations to improve green growth policy in Vietnam.
Factors Affecting Private Economic Development in the Context of Economic Institutional Reform in Vietnam: An Empirical Study Trung, Phan Nhan
Journal of Business Management and Economic Development Том 4 № 01 (2026): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v4i01.2217

Abstract

This study investigates the key factors influencing private economic development (PED) within the context of ongoing economic institutional reform in Vietnam. Grounded in New Institutional Economics, the Resource-Based View, Dynamic Capabilities Theory, and Human Capital Theory, the research proposes and empirically tests a comprehensive framework comprising seven determinants: Institutional Environment (IE), Access to Finance (AF), Digital Transformation (DT), Human Capital Quality (HC), Government Support Policies (GS), Market Competition (MC), and Innovation Capacity (IC). A structured questionnaire was administered to 358 private enterprises across Ho Chi Minh City, Hanoi, Da Nang, and Can Tho, Vietnam. Data analysis was conducted using SPSS 26.0, employing Cronbach's Alpha reliability testing, Exploratory Factor Analysis (EFA), Pearson correlation, and multiple linear regression. The results reveal that six of the seven hypothesized factors significantly and positively affect PED, with Digital Transformation exhibiting the strongest influence (β  = 0.241, p < 0.001), followed by Access to Finance (β  = 0.203), Innovation Capacity (β = 0.196), Institutional Environment (β  = 0.187), Human Capital Quality (β  = 0.168), and Government Support Policies (β  = 0.152). Market Competition was not statistically significant. The model explains 68.3% of the variance in PED (Adjusted R² = 0.677). These findings provide critical evidence for policymakers to prioritize digital infrastructure, financial accessibility, and innovation ecosystems in fostering sustainable private sector growth in Vietnam.